New York Life

Senior Underwriting Product Owner

New York Life

Remote
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Welcome to New York Life, where we pride ourselves on being a leader in the insurance industry and providing financial security for our clients. We are currently seeking a highly experienced and driven Senior Underwriting Product Owner to join our team. In this role, you will be responsible for leading the development and execution of our underwriting product strategy, ensuring that our products continue to meet the evolving needs of our customers. As a key member of our team, you will have the opportunity to make a significant impact on the future success of our company. If you have a strong background in underwriting and a passion for driving product innovation, we encourage you to apply for this exciting opportunity.

  1. Develop and execute the underwriting product strategy for New York Life, in alignment with the company's overall goals and objectives.
  2. Lead a team of underwriting professionals to deliver high-quality and innovative products that meet the needs of our clients.
  3. Conduct market research and analysis to identify opportunities for product enhancements and new product development.
  4. Collaborate with cross-functional teams, including actuarial, marketing, and sales, to ensure alignment and successful execution of product initiatives.
  5. Monitor industry trends and competitive landscape to make recommendations for product improvements and differentiators.
  6. Create and manage product roadmaps, timelines, and budgets to ensure timely and successful product launches.
  7. Ensure compliance with regulatory requirements and company policies in all product development and launch activities.
  8. Communicate product updates and changes to internal stakeholders and external partners, such as brokers and agencies.
  9. Analyze product performance and make data-driven recommendations for improvements and optimizations.
  10. Maintain a deep understanding of customer needs and preferences to inform product development and enhancements.
  11. Mentor and coach junior underwriting team members to foster their professional growth and development.
  12. Represent New York Life as a subject matter expert in underwriting product development at industry events and conferences.
  13. Continuously evaluate and improve processes and procedures related to product development and launch.
  14. Collaborate with the sales team to develop training materials and provide support for product education and sales enablement.
  15. Stay updated on industry best practices and emerging technologies to drive continuous improvement and innovation in underwriting product development.
Where is this job?
This job opening is listed as 100% remote
Job Qualifications
  • Extensive Experience In Underwriting: The Ideal Candidate For This Role Should Have At Least 7-10 Years Of Experience In Underwriting, With A Strong Understanding Of Life Insurance Products And The Underwriting Process.

  • Product Development Expertise: As A Senior Underwriting Product Owner, The Candidate Should Have A Track Record Of Successfully Developing And Launching New Insurance Products, As Well As Enhancing And Maintaining Existing Ones.

  • Strong Analytical Skills: A Key Aspect Of This Role Is Analyzing Market Trends, Customer Needs, And Competitive Landscape To Identify Opportunities For New Product Development And Enhancements. The Candidate Should Have Strong Analytical Skills And Be Able To Translate Data Into Actionable Insights.

  • Leadership And Project Management Experience: This Role Requires The Candidate To Lead Cross-Functional Teams And Manage Multiple Projects Simultaneously. The Ideal Candidate Should Have Previous Experience In Managing Teams And Delivering Projects On Time And Within Budget.

  • Excellent Communication And Stakeholder Management Skills: As A Senior Underwriting Product Owner, The Candidate Will Need To Work Closely With Various Stakeholders, Including Underwriters, Actuaries, Marketing Teams, And Senior Management. Strong Communication And Stakeholder Management Skills Are Critical For Success In This Role.

Required Skills
  • Product Development

  • Strategic Planning

  • Project Management

  • Data Analysis

  • Budget management

  • Compliance Management

  • Risk assessment

  • Market analysis

  • Product positioning

  • Stakeholder management

  • Insurance Industry Knowledge

Soft Skills
  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • creativity

  • Attention to detail

  • Teamwork

  • Communication Skills

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Senior Underwriting Product Owner is $130,000-$170,000 per year. However, this can vary depending on factors such as location, experience, and the specific company and industry.

Additional Information
New York Life is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedSeptember 11th, 2024
Apply BeforeJune 9th, 2026
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About New York Life

New York Life Insurance Company is the third-largest life insurance company in the United States, the largest mutual life insurance company in the United States.

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